Lindblad Expeditions (NASDAQ:LIND) Receives $19.00 Consensus PT from Analysts

Lindblad Expeditions (NASDAQ:LIND) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.00.

A number of brokerages have recently weighed in on LIND. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Stifel Nicolaus upped their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup assumed coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating on the stock. Finally, Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $20.85 on Wednesday. The business’s 50-day simple moving average is $16.61 and its 200-day simple moving average is $14.13. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $21.23. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -31.59 and a beta of 2.27.

Insider Activity

In related news, CEO Benjamin Bressler sold 41,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $18.08, for a total transaction of $741,280.00. Following the completion of the transaction, the chief executive officer owned 23,466 shares in the company, valued at $424,265.28. This trade represents a 63.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven-Olof Lindblad sold 28,002 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $17.61, for a total value of $493,115.22. Following the completion of the sale, the director owned 10,783,962 shares in the company, valued at $189,905,570.82. This trade represents a 0.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,782,351 shares of company stock worth $29,808,188. 34.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the company. Graham Capital Management L.P. raised its stake in shares of Lindblad Expeditions by 2.4% in the fourth quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock valued at $357,000 after acquiring an additional 590 shares during the last quarter. Summit Global Investments boosted its stake in shares of Lindblad Expeditions by 3.5% in the 2nd quarter. Summit Global Investments now owns 25,328 shares of the company’s stock valued at $296,000 after purchasing an additional 848 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Lindblad Expeditions by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock worth $1,735,000 after acquiring an additional 958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Lindblad Expeditions by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after purchasing an additional 1,037 shares during the period. Finally, Simon Quick Advisors LLC increased its stake in shares of Lindblad Expeditions by 7.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock valued at $206,000 after acquiring an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.